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Old 06-12-2008, 05:17 PM   #1
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Default hello from newark, NJ

Lets see. Today is my day off, but I went to work anyway. I have one of those careers where the job never ends. I ran into a little bit of traffic, 20 minutes worth. Same old, Same Old. I joined this site to network. I like it thus far.

I'm currently working on two projects.

Alljerseymls.com b/c I'm in real estate sales and bizintros.com, which is a business networking site that's under construction. I'm building this one just because I love anything to do with the web.

I hope the experience here will be pleasant. I'd love to hear about your individual projects or if you have questions about real estate, I'm here for you.
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Old 06-12-2008, 07:11 PM   #2
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Hey, welcome to TalkNJ, I'm positive your experience here will be quite pleasant.

I'm working on a few projects right now, none of which are really worth mentioning at this point, but in a few weeks when I get some bugs worked out, I'd be more than happy to show them.
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Old 06-12-2008, 11:47 PM   #3
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welcome to the forum and we're glad you made it. I've been trying to actually learn about real estate with short sales here in California. Its so bad for some people and paying that mortgage when the house tanks in value.

we have an online business section now so any questions just let me know.
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Old 06-13-2008, 09:27 AM   #4
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Welcome to TalkNJ!
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Old 06-13-2008, 11:06 AM   #5
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Default Short Sales. . .Buyer beware

Quote:
Originally Posted by Steve View Post
welcome to the forum and we're glad you made it. I've been trying to actually learn about real estate with short sales here in California. Its so bad for some people and paying that mortgage when the house tanks in value.

we have an online business section now so any questions just let me know.
Last year, I successfully sold my first short sale. I represented the buyer. It took forever, the bank was not cooperating. In fact, we closed on the house 1 hour before the sheriff sale. That was crazy, but once you get one crazy one under your belt, it gets to be like this:

You have to know what you are getting into. . .look before you leap kind of thing, but also, leap becuase some deals are just to hard to past. Keep me posted on your progress. I have in Cali twice this year: Feb and April. Boy was I surprised by the prices. It made me want to buy. . .but then again, I don't live there.
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Old 06-13-2008, 11:36 AM   #6
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houses here are dropping dramatically. My boy owns a house in westechester and bought his house at 750k . In 2 years it dropped in value to 600k. Hes bailing on the house since he doesnt want to pay a mortgage for a house thats over the value of the pad.

i guess you just have to know how to negotiate with the bank once your the new owner.

what hes doing is having a specialist move the property into a trust and negotiate it with out the first owner. its crazy how it all works.
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Old 06-15-2008, 06:28 AM   #7
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Default That's a 20% change in value

Your boy should settle down; sounds like its his personal residence. Real estate is circular. His house will appreciate. He may have to stay there 10-14 years, but if it's his personal residence and he has no intentions of moving, he should be fine.
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Old 06-17-2008, 09:17 PM   #8
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Welcome to TalkNJ 3hatsperez!!!
Sit back and relax with us, we are a great bunch here!!!
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Old 06-18-2008, 06:46 AM   #9
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Default Hi Rosa, thanks for the pleasant intro

I like it here thus far. Its my kind of crowd. I tried to join offtopic and they were a crazy bunch of people.
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Old 06-18-2008, 12:40 PM   #10
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I have been on here since March and it is a great site and growing every day.
If there is anything you need assistance with just ask. Someone will be more than happy to help.
I will be more active after Friday, due to that I'm out of the country right now.

I am originally from Elizabeth, then moved to Delaware (still call Jersey home, though, lol)

No need to thank me for the pleasant welcome. That is just me, luv to welcome our new members
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